Steel Stocks

Global cues turned supportive for capital-intensive sectors such as steel, with expectations of a U.S. Federal Reserve rate cut this month. The European Union’s reported plan to raise tariffs on imports may end up helping Tata Steel rather than hurting.

Steel stocks rise up to 2.7% as Nomura bullish on sector on China production cuts, strong domestic demand

Nomura added that robust consumption, restricted imports and improving price dynamics will likely boost India's steel industry

Steel stocks fall up to 1.6% as JM Financial expects Q2 earnings of steel companies to be subdued

The decline in steel prices, increased supply from China, and seasonal headwinds are expected to weigh on realisations and overall performance

Steel stocks rise up to 3.7% as Chinese mills curb production

Margins of Indian steel makers had been under risk earlier this year when Chinese steel companies dumped cheap steel in the domestic market amid higher tariffs on China

Tata Steel, SAIL, other steel stocks surge up to 4% after China announces plans to cut steel output

The latest move by China is expected to reduce the dumping of cheap steel into the Indian market, which would act as a major positive to the Indian steel companies.

Short Call | High rates and deep bites; mixed outlook for steel; HDFC AMC, Vodafone, Gujarat Gas in focus

Given the weakness in the rupee, the RBI is unlikely to cut rates before the Fed does. If crude prices continue to rise at the current pace, it is bound to feed into inflation

SAIL gains after government junks Salem plant privatisation plan

Though multiple expression of interests were received and bidders shortlisted but none wanted to proceed with the transaction, the government has said

Steel stocks to remain dented through 2024 amid demand, valuation woes: Morgan Stanley

Morgan Stanley's price target for major steel stocks, Tata Steel, JSW Steel, Steel Authority of India and Jindal Steel and Power, reflects the potential for downside from current levels.

SAIL declines on profit-booking after swinging into black in Q2

The company’s total income jumped 12 percent on-year to Rs 29,858.19 crore in Q2FY24, while expenses were flat at Rs 27,768 crore

Why super investor Anil Goel is bullish on sugar, textiles, bearish on steel

To understand steel business, one has to first understand China, says Goel. In China, steel price is $540 and India is able to import it on paying 8 percent duty. Indian manufacturers are selling at around $630-640 and China at around $540

Short Call | Tough time for chemical stocks, vanishing paper profits, and UTI AMC

Chemical stocks have struggled in the recent market rally but, unlike the underperforming IT sector where a section of the market feels it is time to start looking for bargains, investors aren’t sticking their neck out in the chemicals space yet

Steel stocks shine as Government inks pacts with specialty steel manufacturers for PLI scheme

The government is planning to introduce the second edition of the PLI scheme for specialty steel to boost production of value-added steel in the country, Union Minister of Steel Jyortiraditya Scindia said at the PLI Scheme for Specialty Steel MoU signing event.

Stock Market LIVE: Export duty scrapped! Will metal stocks rally? | Markets with Santo & CJ

The government has finally removed duties imposed on export of steel and iron ore products in a massive relief to the sector. CJ believes that this will boost sentiment towards the sector, but Santo is not convinced if there is any near-term benefit. Watch as the duo dissect the implications of the government's move on steel stocks. Plus they share their thoughts on HDFC, IEX and Zomato.

Tata Steel, JSW Steel, SAIL surge as government reconsiders export duty on steel products

Tata Steel, JSW Steel, Jindal Steel & Power and SAIL shares jumped after sources said a decision is yet to be taken on the exemption of export duty for certain steel products.

Clouds over steel stocks have darkened

The after effects of a sharp cut in iron ore prices pose a threat to India’s major steel producers

Crack in iron ore prices exposes chink in steel sector valuations

China’s bid to cut steel output is working and that’s a risk for domestic steel stocks

Steel sector valuations have to pass the China stress test

China’s efforts to cool down metal prices could pose a risk to the high valuations being given to steel stocks

Why Steel stocks are shining: Growing demand, production curbs & other factors

The steel prices may have come off from all time highs, but experts / S&P Global Platt's forecast that steel will stay supported on back of growing demand and production curbs.

Steel stocks continue to shine; is there more upside?

The stock of Steel Authority of India has bounced back to the levels last seen in 2011. In this video, we mine the fundamentals of the steel behemoth, along with a technical view on how the steel stocks are likely to perform from hereon.

China steel output cut won't hit prices in India: Pro

Even if the steel supply were to be affected in Asia due to the ban on furnaces by China, the current demand conditions will not support a hike in prices, says Hongmei Li, Senior Editor - Metal and Steel News at S&P Global Platts.

Stocks that must be on your radar

Some of the stocks that should be on your radar are: Steel stocks, Telecom stocks, Bharat Forge, Tourism Finance Corp of India, Idea Cellular, Adani Transmission, Bank Of Baroda, AIA Engineering.

Sensex weak, Midcap down 1%; steel stocks up, Re nears 65/$

Steel stocks gained after reports indicated that the government will raise import duty on some base metals including iron & steel by 2.5 percent, though there has been no official confirmation yet.

Buy steel stocks on 12-15% declines: Baliga

Buy steel stocks on 12-15% declines, says Ambareesh Baliga, Karvy Stock Broking.